<ul data-eligibleForWebStory="false"><li>Rivian CEO RJ Scaringe transferred a portion of his ownership stake and voting power to his ex-wife as part of a divorce settlement, impacting his control from 7.6% to around 4%.</li><li>The ownership transfer, valued at roughly $130 million, does not affect Rivian's business operations, as stated by the company.</li><li>Rivian is focusing on new vehicle releases like the R2 SUV to drive sales growth, while the ownership structure has shifted with Volkswagen emerging as a major stakeholder.</li><li>Scaringe's voting power had previously peaked at 9.2% post-IPO and now stands around 4% after the divorce settlement. His control may increase as more shares and options vest.</li></ul>

Rivian CEO RJ Scaringe’s voting control slips following divorce settlement

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